Stellar and Baracoin to Bring Financial Services to Africa

Stellar partnered with Africa's digital currency aiming to create a low cost border free network and get the country out of poverty
06 February 2018   212

Stellar is a platform that connects banks, payments systems, and people aiming to move money quickly, reliably, and at almost no cost. On February 6 Stellar has announced its partnership with Baracoin, which is Africa’s Digital Currency created to provide a state of the art economic ecosystem and deliver modern financial services, from Cape to Cairo, at low cost and to the benefit of both trader and customer.

The partnership is aimed at building a low-cost, border free network that will connect underbanked African merchants and customers through blockchain technology.

As it was stated in Baracoin announcement, Stellar is dedicated to providing low-cost financial access to the unbanked all around the world, and transactions on the Stellar network cost very low, which will allowing Baracoin to lower the cost it passes on to its customers in service charges.

Speaking with the Stellar head of partnerships, Mr Ladipo over the past few weeks, I’ve seen just how committed they are to providing high quality financial services in Africa and have no doubt that this will be a long and fruitful partnership.
 

Dr Robert Maweni
CEO, Baracoin

Moreover, Stellar was chosen by Baracoin company because of its technical advantages as it is capable of processing 1000 operations every second, with a latency of just 2–5 seconds, and also can protect customers against scams and bad purchases.

At the moment of press, these are main market parameters of Stellar:

Average price: $0,273688 
Marketcap: $5 044 611 863 
24h volume: $324 690 000

Stellar Blockchain Meetup to be Held in London

Stellar London Blockchain Meetup, where the users will meet Head of Partnerships at Stellar.org, will occur on February 13, 2018
13 February 2018   655

Stellar is a platform that connects banks, payments systems, and people, aiming to let users move money quickly, reliably, and at almost no cost.

Stellar has announced that it will hold a Blockchain Meetup in London on February 13, 2018.

Attendees will get to meet Tunde Ladipo, Head of Partnerships at Stellar.org, along with other partners in the Stellar ecosystem. Everyone who attends the meetup will be able to connect and learn about what people, businesses and anchors are doing with blockchain technology around the world.

Meetup Agenda:

  • 6:00 – 6:30pm: Networking
  • 6:30 – 7:00 pm: Intro to Stellar
  • 7:00 – 7:30 pm: Group Discussions
  • 7:30 – 9:00 PM: Networking

Location: Central Location TBD, the event will be held at the border of the City and Shoreditch, about 5 mins walk from Liverpool Street Station.

What is more, all attendees will receive a gift of XLM that they'll be able to spend on the day of the event.

At the moment of press, these are main market parameters of Stellar:

Average price: $0,398396
Market cap: $7 343 337 377
24h volume: $74 903 600